Currencies are an essential part of international trade, economics, and general knowledge. For competitive exams like UPSC, SSC, Banking, Railways, and State PSC, questions on currencies of different countries are frequently asked. Knowing which country uses which currency not only strengthens your GK but also helps in international awareness.
In this post, we have compiled 30 important Currencies of Different Countries GK Questions with multiple-choice options, correct answers, and detailed explanations.
MCQs With Solved Explanations for Currencies of Different Countries GK Questions:-
Q1) What is the currency of Japan?
a) Yen
b) Yuan
c) Won
d) Ringgit
Explanation: The Japanese Yen (JPY) is the official currency of Japan and one of the most traded currencies in the world. It is symbolized as “¥” and often considered a safe-haven currency in times of global uncertainty.
Q2) Which country uses the currency “Rupee”?
a) Bangladesh
b) Sri Lanka
c) Nepal
d) All of the above
Explanation: Several South Asian countries like India, Nepal, Pakistan, Sri Lanka, and others use “Rupee” as their currency. Each rupee is distinct with its own issuing authority and symbol, although the name is common.
Q3) The currency of the United Kingdom is called:
a) Pound Sterling
b) Euro
c) Krona
d) Franc
Explanation: The British Pound Sterling (GBP) is the UK’s currency. It is one of the world’s oldest currencies still in use and is widely traded globally. The pound is subdivided into 100 pence.
Q4) What is the official currency of China?
a) Won
b) Yuan (Renminbi)
c) Yen
d) Dollar
Explanation: China’s official currency is the Renminbi (RMB), with its primary unit being the Yuan (CNY). “Renminbi” means “people’s currency” and is issued by the People’s Bank of China.
Q5) The currency “Euro” is used by how many European Union countries?
a) 20
b) 25
c) 10
d) 15
Explanation: The euro is used as the official currency by 20 European Union countries as of 2025. These countries are: Austria, Belgium, Croatia, Cyprus, Estonia, Finland, France, Germany, Greece, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, the Netherlands, Portugal, Slovakia, Slovenia, and Spain.
Q6) Which is the currency of South Korea?
a) Won
b) Yen
c) Ringgit
d) Baht
Explanation: The South Korean Won (KRW) is the currency of South Korea. It is represented by the symbol ₩. Not to be confused with the North Korean won, both have different values and issuers.
Q7) What is the currency of Russia?
a) Ruble
b) Dinar
c) Dirham
d) Lira
Explanation: The Russian Ruble (RUB) is the official currency of Russia. It has been in use for centuries and is subdivided into 100 kopeks. It is one of the oldest national currencies.
Q8) The “Canadian Dollar” is denoted by which symbol?
a) $
b) C$
c) CAD
d) All of the above
Explanation: The Canadian Dollar is often represented by $, but to distinguish it from other dollar currencies, “C$” or “CAD” is used. It is one of the top 10 most traded currencies globally.
Q9) Which country uses the currency “Baht”?
a) Thailand
b) Vietnam
c) Cambodia
d) Laos
Explanation: The Thai Baht (THB) is Thailand’s official currency. It is symbolized as ฿ and has been historically linked to silver and rice in Thai tradition.
Q10) What is the currency of Saudi Arabia?
a) Riyal
b) Dinar
c) Dirham
d) Pound
Explanation: The Saudi Riyal (SAR) is the official currency of Saudi Arabia. It is pegged to the US Dollar at a fixed rate, making it stable for international oil trade.
